Consider starting the budgeting process by writing the budget justification to uncover costs that might otherwise be overlooked.
- Tip: Always create a proposal budget that reflects the way the university’s financial system will account for the expenditures as the first step. When it is finalized, transfer the data into the sponsor’s prescribed budget template. Incorporate a copy of your original budget display into the sponsor’s final budget format if possible.
- Tip: Consider starting the budgeting process by writing the budget justification. This will help uncover costs that might otherwise be overlooked.
- Tip: Always explain the basis for the dollar amounts proposed. (Show the math work)
- Tip: Try to prepare the initial budget using an Excel Spreadsheet, using formulas for accuracy and upload that native Excel file into the PINS proposal.